One of those companies is Wealth Generators, who are currently gearing up to launch their “Crypto” mining contracts.

Randy Schrum is a Wealth Generators affiliate who markets the opportunity through his “Occupy Wealth” branding.

[7:50] We are Occupy Wealth. We are what we call “a movement”.

We break down the barriers for financial wealth. I’m the founder.

I’ve got to tell you now, I’ve been on this journey for the last several years and one of the things I’ve always looked at is, “How can I teach and share the wealth building strategies that I’ve discovered over the years and bring the best in class of people that can seamlessly open their laptops from anywhere in the world … and can produce wealth”.

They can produce passive income. Not just any type of income, but passive – meaning money that comes in whether they’re working or not.

That last sentence is key, because it pretty much defines Wealth Generators’ new Crypto mining contracts.

To cut to the chase, Schrum claims Crypto is based on a “proprietary algorithm”

Crypto uses a proprietary algorithm to determine the most profitable cryptocurrencies to mine at any given time.

Crypto’s algorithm diversifies what is being mined to reduce some of the risk associated with mining cryptocurrency.

The cryptrocurrencies that are currently being mined through the Crypto platform are ethereum, dash, monero and ethereum classic, but others may be added at any time.

Wealth Generators affiliates buy in for $149.99 and then $500 to $4999.99 per mining contract (another $99.99 is charged per mining contract invested in).

[8:38] As the founder and as the leader of this community, what we do is we risk, I risk my own money verifying what works.

I go out there and do the due-diligence. I go out there and do the research.

And one of the deals … (cuts out) … to you is a publicly traded company that has been in business for three years. A+ rated by the Better Business Bureau and most of all, they are publishing their results.

So you’re not going to see a company out there in this space that’s doing those three things.

And so you can see it, you can see it physically firsthand – what’s going on.

Yet despite these assurances, Schrum doesn’t name the company Wealth Generators is offering contracts through. He does however mention they supposedly have rigs in Hong Kong and New Zealand.

What Schrum does confirm is that Wealth Generators are only accepting bitcoin for the contracts, and that the daily ROI is paid out in ethereum.

As I mentioned earlier, the key take-away from Wealth Generators’ Crypto offering is that it’s clearly a passive investment opportunity.

[9:14] I’m going to break that down for you and how you can position yourself in this new digital gold rush.

But more importantly, how you can earn free mining contracts, or mining machines, that spit off cash to you and you’re not doing anything.

Understand what I just said: I’m going to show you how to earn these mining machines by the efforts of other people – and you continue to get paid the results every single day.

With respect to Ryze AI, Schrum claims to have earned a 16% ROI over six months.

[11:42] You see I’ve been testing this product now for over the last year. And I say “testing” but (I’ve been) using it.

In just a six month period I saw a sixteen percent return on my deposit.

Schrum also touts “guaranteed income” if a Wealth Generators affiliate build a large enough downline of recruited affiliates:

Rather than address regulatory non-compliance (pyramid recruitment and unregistered securities), when the topic of “is Wealth Generators’ Crypto a scam” comes up Schrum instead uses the “global elite”, “ultra wealthy” and finance industry as red herrings.

[29:02] If you say this looks like a scam and that, guys listen to me, alright? I’m going to bust a sacred cow here.

And the sacred cow is this: Listen, banks are known to generate forty to sixty percent of their profits, right, in the global currencies market.

Did you just hear me?

And whose money are they using to do it? They’re not using their money, they’re using other people’s money (Schrum uses the acronym “OPM”).

So listen, if you’re tired and sick and tired of the global elite um, to be making their money off of other people’s money and you wanna be financially free, then remove that sacred cow you’ve been brainwashed on by that industrial age model, and by broke people who can never get out of their mold.

Be that as it may (or not, I’m not here to debate the merits of Schrum’s red herrings), raging against “the banks” is not justification for committing securities fraud.

Unfortunately those following Schrum appear to be completely ignorant of securities law and/or blinded by greed.

Towards the end of his presentation, Schrum issues the following directive:

[29:52] Okay it’s time to make a change. It’s time to enlarge your tent stakes and make a decision for yourself.

While I can’t say I agree with Schrum over most of the presentation, this is something I can echo.

To be sure, Wealth Generators affiliates need to decide whether they wish to engage in offering unregistered securities across the US and abroad.

Update 29th December 2017 – Wealth Generators affiliates have been asserting that the company’s Crypto mining contracts are legit because parent company Investview is registered with the SEC (comments #3 and #5 below).

Kasey don’t compare WG with the frauds USI. You clearly have no idea what you’re talking about bud (Ozedit: Offtopic derail attempts and abuse removed).

Wealth Generators is a wholly owned by Investview Corporation, a publicly traded company that is required to disclose all activity. Crypto leasing product was disclosed to the SEC i can assure you of that.

So when individuals like the author speak out of very little knowledge and say things like “non disclosing mining agreements”- it is a LIE because everything is disclosed to the public. You just have to do your research bud…. You’ve earned a D- today.

I promise WG is doing the right thing in the eyes of the law. Try again!.

Wealth Generators operates its business off shore through a bank in a little known place called Vanuatu managed by some unknown outfit in the UK.

For the most part every company in this space who is offering what is called Forex currency exchange and now this BS crypto product was hit with huge tariffs and regulations in the US to operate so they all moved their nefarious practices off shore in order to avoid these high operating costs and also to side step the regulators.

Never a good start to an MLM if the company needs to hide how it operates and deliberately avoids regulators. When asked who these people are you get stonewalled.

By the way don’t let the parent company cloud your judgement with their A+ BBB rating and supposed transparent operations, just because they are a publicly traded company.(OTC PINK: INVU)

Investview purchased WG in March of 2017 in order to, and I quote,

“The business combination between Investview and Wealth Generators is a significant and timely transaction that will permit Investview to meet immediate and long term cash flow needs(recruiting) while establishing new and meaningful revenue streams”.(MLM)

This is a perfect lead up to what I am about to share next 🙂 Coincidentally when you verify some of their exchange products they offer in comparison to what WG says it does in revenue, it doesn’t take a brain surgeon to figure out that 90% of the revenue is derived from RECRUITING!!!

I have watched one of their products known as RYZE, their auto-pilot money maker, for the past year and the numbers don’t add up. Very few are actually buying and or using their products…can you say PYRAMID SCHEME.

The MLM industry needs police because scam after scam after scam keeps on popping up ready to pounce on the next unsuspecting sucker that will get scammed from a fast talking slick sales guy with cleverly inserted vernacular like Randy Schrum. I’ve seen his presentations and feel like I need a shower after watching. I wouldn’t buy a tube of toothpaste from this guy.

I love this quote posted in the body of this article from Randy Schrum,

“I’ve got to tell you now, I’ve been on this journey for the last several years and one of the things I’ve always looked at is, “How can I teach and share the wealth building strategies that I’ve discovered over the years…”,

translation…how do I teach people the methodology behind how I scam people so you can go out and scam people as well…too funny ya can’t make this stuff up seriously.

Randy Schrum just had a confessional speech where he’s admitted that he’ll no longer be marketing the opportunity of mining crypto (perhaps he’s finally realized what he’s been promoting is illegal).

I feel bad for the many people who followed him to Las Vegas on several occasions believing he was one of the good guys. (He’s not). He comes across as a nice guy. But he’s very methodical and calculated.

Not tow worry though, he’ll sign you up for his new Lifevantage opportunity with his barely tested funnel.

BehindMLM's advertising partners use cookies to collect data for ad personalization and measurement.
For more information on use of collected data and cookies please refer to our Privacy Policy.Accept and closePrivacy Policy